United States Federal Circuit
1st Home Liquidating Trust v. US, 08-5050
In a Winstar-related case, judgment by the court of federal claims holding that the government's enactment of the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) breached the government's contractual promise to allow favorable accounting treatment of supervisory goodwill is reversed and remanded as the government lacked the requisite intent to enter into a contract with plaintiff regarding treatment of goodwill to be generated by plaintiff's conversion, no contract was formed, and thus, there was no breach.
Appellate Information
- Decided 09/22/2009
- Published 09/22/2009
Judges
Court
- United States Federal Circuit